NAVIGATING YOUR FINANCIAL FUTURE

Published by the Florida Department of Education, Office of Student Financial Assistance

April 2016

Do you know how to create a budget or the difference between gross pay vs. net pay? What about

how to set up a checking/savings account at a local banking institution? Teens are at a great age to

learn money management and how this skill will be used when managing life on a college campus

away from parental units.

Want to test your financial fitness knowledge?

JumpStart’s Reality Check

FinRa Investor Education Foundation’s Financial Capability Quiz

Kiplinger’s Test Your Financial Fluency

High school students are prime targets of marketing ads enticing them to spend money. This age

group tends to have more “disposable” income — meaning that their money is not committed to a

mortgage payment, utilities, and other living expenses. Pay attention to the ways ads are focused on

the high school demographic.

Take control of your financial life now and know that you are impacting your financial future.

April is Financial Literacy Month

Khan Academy has added a new section called “Paying For College” to its website.

These informative videos are broken down into topic groups for easier access. Take a look for yourself and even encourage your parents/guardians to view them.

The following topics are covered:

The Financial Aid Application Process

Grants and Scholarships

Work Study

Loans

Financial Aid Packages

Need assistance with

the financial aid

process?

Contact OSFA’s

Outreach Team.

We are certified

educators of personal

finance, offering years

of experience in the

field of financial aid.

Visit

NavigatingYourFuture.org

and select the

Contact Us tab.

DID YOU KNOW?

CONTACT US

Financial Aid Award Letters

Springtime is here and high school students moving on to post-

secondary education are beginning to receive financial aid

award letters.

Trying to make sense of the financial

aid package?

A great resource that answers many of

the frequently asked questions about financial aid award letters

can be found at StudentAid.ed.gov.

Many award letters will automatically include federal student

loans within the financial aid award.

When “accepting” the financial aid award — most are offered

online within the student account for that institution — be sure to

carefully review exactly WHAT is being offered and choose ac-

cordingly. You do NOT have to “accept” loans as part of your fi-

nancial aid package.

Full link:

https://studentaid.ed.gov/sa/fafsa/next-steps/accept-aid